For Q1 FY2026 ended March 31, 2026, Primoris reported revenue of $1,559.9 million, down 5.4% year-over-year. Net income was $17.4 million, a decrease of 60.6% from the prior year. Operating income fell 65.3% to $24.4 million, and diluted EPS declined 60.5% to $0.32. The company held $361.5 million in cash, $1,684 million in equity, and $453.5 million in long-term debt.
•Revenue decreased 5.4% YoY to $1,559.9 million.
•Net income dropped 60.6% YoY to $17.4 million.
•Operating income fell 65.3% YoY to $24.4 million.
•Diluted EPS was $0.32, down 60.5% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Primoris Services provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries State departments of transportation, as well as replacement services. Founded in 1960, Primoris Services is headquartered in Dallas, Texas.
What does Primoris Services Corporation (PRIM) do?
Primoris Services Corporation is an infrastructure services company operating primarily in the United States and Canada. The company is organized into two main segments: Utilities and Energy. The Utilities segment focuses on the installation and maintenance of natural gas and electric utility distribution and transmission systems, as well as communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for clients in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries. Additionally, it serves state departments of transportation and offers replacement services. Founded in 1960 and headquartered in Dallas, Texas, Primoris delivers a broad range of services critical to maintaining and expanding infrastructure.
On which stock exchange is Primoris Services Corporation (PRIM) listed and what is its currency?
Primoris Services Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol PRIM. The company trades in US Dollars (USD), reflecting its primary operations in the United States. As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors on major US exchanges.
What sector and industry does Primoris Services Corporation (PRIM) belong to?
Primoris Services Corporation operates in the Industrials sector, specifically within the Engineering & Construction industry. This classification reflects the company's focus on providing infrastructure services, including construction, maintenance, and engineering for utility and energy projects. As an engineering and construction firm, Primoris undertakes projects that involve building and maintaining critical infrastructure such as natural gas pipelines, electric transmission lines, and renewable energy facilities.
Where is Primoris Services Corporation (PRIM) headquartered and what markets does it serve?
Primoris Services Corporation is headquartered in Dallas, Texas, United States. The company primarily serves markets in the United States and Canada. Its operations span across various regions, providing infrastructure services to clients in the utility and energy sectors. The Utilities segment serves natural gas and electric utilities, while the Energy segment works with entities in the energy, renewable energy, and petroleum industries, as well as state departments of transportation. This geographic focus allows Primoris to leverage its expertise in North American infrastructure projects.
How does Primoris Services Corporation (PRIM) generate revenue?
Primoris Services Corporation generates revenue through its two operating segments: Utilities and Energy. The Utilities segment earns revenue by installing and maintaining natural gas and electric utility distribution and transmission systems, as well as communications infrastructure. The Energy segment provides engineering, procurement, construction, and maintenance services for energy-related projects, including renewable energy, energy storage, renewable fuels, and petroleum and petrochemical facilities. Additionally, the company performs replacement services and works with state departments of transportation. Revenue is derived from contracts for these services, which are typically project-based or long-term maintenance agreements.